EUR/USD: 'High Wave' pushing price higher

EUR/USD: 'High Wave' pushing price higher


There's a pullback from the 0.5 retracement of the last huge green candle, so we've got a 'High Wave' pattern, which has been confirmed enough. Thus, we should watch the next resistance at 1.1597 as an intraday target. The subsequent pullback from this level could lead to a decline towards the nearest support at 1.1496.


The last bullish 'Tower' and 'High Wave' patterns have been confirmed, so the pair is likely going to achieve the upper 'Window' at 1.1555 shortly. If a pullback from this level happens little later on, the market will probably try to reach the previously tested support at 1.1514.



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